Investing.com - Credit Suisse (SIX:CSGN) ADR reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Credit Suisse ADR announced earnings per share of CHF-0.8659 on revenue of CHF4.96B. Analysts polled by Investing.com anticipated EPS of CHF0.1775 on revenue of CHF5.4B.
Credit Suisse ADR shares are down 0% from the beginning of the year, still down 33.04% from its 52 week high of CHF14.95 set on February 25, 2021. They are outperforming the SMI which is down 3.99% from the start of the year.
Credit Suisse ADR follows other major Financial sector earnings this month
Credit Suisse ADR's report follows an earnings beat by JPMorgan on January 14, who reported EPS of CHF3.33 on revenue of CHF29.26B, compared to forecasts EPS of CHF3.01 on revenue of CHF29.78B.
Bank of America had beat expectations on January 19 with fourth quarter EPS of CHF0.82 on revenue of CHF22.06B, compared to forecast for EPS of CHF0.7652 on revenue of CHF22.18B.
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